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<br /> . TOGE'fHER WfPH a�l the impmvementa naw or heieaRer erected on the pmperty.and atl easements,apPurtenan�s,and -
<br /> , fix��es now or hereafter a part of the pmperty. Ati feplaoemenu aad additioas shall also be covened by tLis Security -, - ..
<br /> `' (bcWt4ea�Alt of the fote$oing is Tefer[�Ed w�this Seauity!�etR�me�±*as ihe'Ptoperiy.' ;",'' �..:;�:
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<br /> � ; BORItOWER COVEN/►N't'S tl�at Eomn�ver is tawfiilly seised of the e.state hereby conveyed and has the right to grant aad ��.:;;;��.;,:;;�:�.
<br /> " .:.� ::� , ooavey We Property and that the Property is anencvmbered.except for enwimDrances of record. Barrower wazraats and aaI : ,,;.•...`�>:,
<br /> ����� defend generatiy the afle w the Progecty agaiast a!l claims and demands.suDjea to anyr encumbrauces o�record. � �,:..r�.-.�; .,��-
<br />: � � �! THIS SECURI?Y INS7Rt3MENT wmbiaes naiform coveoamu for national�,:aad aass-mniform covenants with timited �
<br /> :_.� i va�iatiaAS by jvrisdicdon to constimte a urriform secvrinr iasaument oovering rcal p�roperty. • .
<br /> `: � [iMFORM COVENAN'f'S.Borroa►er and Ixnder ooveaant and agiee as follows: • "
<br /> ` l. E�ym�t oi Pr[itc[pa!and Int�st;Prepaymert ead Late C58rges. Sorrower shall pmmP�Y FaY when due the ' �
<br /> `"s��-- :� Princi�a!of and interest on the debt evidenced by the Note and an3►PrePayment and late charges due under the Note. ;�- �4
<br /> ��:,.. ..;• ' � 2. Fands for Texe�end Iasnrance.Subjest to applu�6le law or to a written waiver by Lender. Bmrower shail QaY to .,; .
<br /> :,�..::. :
<br /> • `;.<':,: l.eader oa the day moathlS►I�aYments ate due�der die Note,until the Note is paid in full.a sum t'Funds7 for.(a)Yeaz1Y taxes �:;.`�� •.�::' �''.
<br /> aad assessmeats whicb may auain priority ovor this Sec�uity Insrrumeat as a liea on the Ptaperty;(b3 Y�Y lr�asehold payments
<br /> - ar gmuad�ents on the PraP�Y.��Y;(c)Y���or pmperty insuraaoe piem�mrs:f�).Y�Y tlood insnrance premi�ms, ..
<br /> . ' '� if�y;(el Y�Y�rtSaSe 1O�"'�rt°e grem�s,.e�aay;aad(f}�aaY�ms PaYable E�B�smcver to Lt�der in accordance with
<br /> t;:ta.`��y�':"� . �e p�ovisions of garagzaph 8,ia Ti�.ef the pay�v�imz�.��,•�•r�Fcemiums-'�isems a�catIed"�aow T�s.'
<br /> :�''s���' .''; l�e�det may,at auy time,coi�t�f hofd Fuads ia�}�ciai to eT•coetY.t�e��a I��fior��p.� -�d �=
<br /> reF�ted maaQrtgage loaa may retptrise�ar 8bfi�awd'��scmw ab��ita�er dr��aT T�Z+L���tL���ct a�' .,��s��' ��
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<br /> _ :.�.� I97a d amended from time to time, 12 u.S:�,93suoa 2601 et se4-t'��+1,r;.�Tess��ra+�t��a}�g.
<br /> sets a i�r ammnns.If so,ixnder may.az aay time, couert aad hvld Fa��si is�a��mr.ir�a�L�t�:��aa?mQt- <� ._d -`':.�'�
<br /> � "�' ,� � � : , Le�r�say�the amoimt of�Unds due oa the bas�s af carc�r:t c..��:r,�ar�fe���s���c�� `� `°'�'"
<br /> " 1 } ESCIO��1L�4O? .@L`�R'fSC 1II BCCOI�CC RR�1�I�C�IS ISW. ._• ` ,.'.. � ` F. f, �� __—
<br /> : � . 'ffie F�ds�be held ia an iastitutiQa whose deposits aie insured by�a�,�g:�nrssis�t��'�.�'�'� , , t �,
<br /> . , �.� f (inciadiag Lender.if�is sach an instttu�g3���Y Fedezal Home Loaa�ank.Lender shalf�ti�e Fuads Ca p�i�� � .1 --
<br /> � .. _ ` , Fscrow Item4.Ien��y not charge Bortow�r"fas tioIdinS and aPPtyiag the Fands,aunuallY analYzing�he escrow acco�ms,at.: ,.•�,.;. . . -
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<br /> � � .' vetifyriag the Fscrod��IiBms.ualess Lender pays B�rrower inte�est on ttte Fwtds and applicab2e law pecmits I.ender m ffiage saci3 1'. � . __
<br /> x�:���.->.. . a c,�arge. However. lread�er maY�Nize Borrower w pay a one-time cliarge for aa�endent real estate ta�t m.�oztimg s�ce . _
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<br /> � r used by Leader ia connection with tbis loan:. nmtess applicable law pmvides atheiwise. Ualess an ag�eement is mffie ar aM. _
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<br /> ,.. :a ' : a,pglisable 1aw requires Interest to be aid,l.�der'shall aot be to ay 8oirower an inte�est or ea�aia oa the Fnnda. "�_'
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<br /> _ : '_ k;:". Bormwer and Lender may agree in writing,koarever.that int�sest shall be paid on the Fuads.Leader shaA give w Borroa�er. -- --
<br /> :`. ;. ;,::�; `::i. � svi�apt cyarge.an annual aocaimting of the Funds.shoaring credits aad debits to the Funds and the puipose for whirh each -
<br /> ,;�;+� � � c�ebtt tb Ehe Faads was made.Tt�e Funds are pledged as additional seaulty for all sams se�ured by shis Securiry Inse�t- —
<br />� , `��:,���,` , . '�:� If�Fnnds held by I.s�ex excded the amonnts pemritted to be held bY aPP�le law,Lende�shall accmmt ta:Bo�awer
<br /> ` r q�^�'t`�1� , fo#�•the�eiicess Fuads m accord'apq�•witi�the�equinments of appltcable law_if t�e amo�u of the Fuads Izeld by L�ded at ar�► —
<br /> � �.... . .. . • .��
<br /> � � : tim�is not suffic�ent to pay the Escrow Items when dae,Lender may so no�`tfy Bor�oarei in writing,and.in such case�oYmwec : ,;.,,:..
<br /> . � . . � shall pay to Lender the amouat.necessa�3+to make up the defrdeacy. Borrawer shall make np the deficleacy in ao nmic than �� ;ti:�.�
<br />� ,.. • � twel�e'.montlilY Payments.at I.en�der's sote dlscreaon. `� ' -
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<br /> _�•' ^tipon payment in fuU of all sums secUred bY this Securit�► Insuument. Lender shall promptly tefand to Bomas�7et aay .
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<br /> j----------=. .�, FuAds held by Lender.lf.imder pazagraph 21,Lender s1�a1f aa{aire or sell the PropectY.Ixader,prior to the asqataition or sals ;,,-:- .:... _
<br /> `- : -. �-=iz� af the Pro�,sha1Z aFPiy aay Funds held by Lender a�the time of acquisidon or sale as a ecedit ag,,ainst ihe sums secoted by �, _-
<br /> . �.�
<br />.s ; ' '::�i' this SeCUrity Instmment. .',�.:., .��
<br /> .._ .�-.a',y .3..ppplication of Y�ymmis.Unless applicable law provides otherwise.all paymaus�eived by l,ender uadsr paragrapbs . . -
<br /> 1 aa,d 2•shaU be applled:fust,w:aaY P�P���8es daz us�der the Note;seoo�,w amomuts payable�mdex g�ara�r�,pb 2; '-�";.',�,;�
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<br /> �: third,'tio interest due:foonh.to princ�pal due:and last.w aay:3a2Q char8es due uader t�e Naie. -r, ,;.-
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<br /> � � 4. C6aigcs:Ueas. Borrower sha11 pay a!i tm�es.assessmenta.charS�s.fines and'���'��n. Bo�sower s6aU p�y
<br /> � : . ;.:., � '. '` . aflicA may attain priority over this Sec�urity�m�t,and Ieaseho2d p�imgn S�° ----
<br /> � •, � � tL�se obligatiaas ia the manuer provlded in paragraph 2.or if aoi paid in tlrat manaer,Bom�wer shaU pay Wem aa time direaty � `'
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<br /> famisb to Lender aU notices of amounts to be paid uaGer tLis paragrapb• `•:
<br /> ��},�r i ; �,' ,.� ' �to'�e�ersan awed payatent.Boirower shall promPUY ..,�
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<br /> . ��,,, .. !, .,� � .I f$arrower maices these p a y m e nts direc�ly.Borrower shaU pmmptly furaish co Le�der�eceipts eviden�ag t he payments. � ;'' n_,,�_�_
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<br /> .., ,, a Borrower sha11 pmmp0y discharge aay lien wWcL has priortty oves c t��;�5ecuriry I n s t i u m e nt�m'ess B o:mwer:(a�a g r e e.s i a ..
<br /> ` Ft° , tn faith tbe lien
<br /> . � , t� . wriang to the payment of the obligatton se�bY 1he liea in a nnanusir,.ac�t�le ta Lender,(b)coa�xa good ''' -
<br /> .. by:or defends agaiast enforoement of the lIen in, 1e8a1.!�?►7cp�dia8���t�pidb�iz the I�nder's opia'saa'ogeraze ta ptevent the
<br /> _> 'f����t, : � �ent of the 1ien:or(c)secures from the holder of tfi�13�y1.�a a�e satis�?�to Leader su�°r�u�ng.t�.�l;��° `
<br /> �.��'.�. ; �J �'y{, ,.�, t3�Yt�?��iry Insu�a�nt:Tf Lender deterniines that a�+patt'o�'►.fte�?;a�i�subjecf'ft�.ii[iea wh�dt c�aY a�;l#iiwrs�`y over r � ;:
<br /> +� .�'�: �'�� t h i s 5exa�rsi t y ia.��t,Lender may give Bonower a nouc�e identif}+ing�dic:Jfxn.Eemower'aball.r�!'y.t1�c?li�n�art�one or
<br /> ' '`�j��� macc rnf the aaun3��a,��th a�ove witl�in 10 days of the giving of notice. , ,; '. �. '' . • `
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